Flipkart just launched its first phone

Steven Millward, writing for Tech in Asia;

Following in the footsteps of Amazon’s Fire phone flop, India’s Flipkart today unveiled its first ever phone.

Starting at US$170, the dual camera Billion Capture+ shows India’s biggest homegrown ecommerce store is going after the cheap-and-cheerful sector that’s currently dominated by Chinese brands Xiaomi and Oppo. It goes on sale November 15.

Here’s the full specs of the Billion Capture+ smartphone;

  • 5.5 inch FHD Display with 1920 x 1080 resolution, @401 ppi
  • Qualcomm Snapdragon 625 64-bit Octa Core 2GHz Processor
  • Adreno 506 GPU
  • Android Nougat 7.1.2, will upgrade to Android Oreo
  • 3GB / 4GB RAM
  • 32GB / 64GB storage expandable up to 128 GB via microSD
  • Dual Rear Camera: 13MP with RGB sensor + 13MP Monochrome with f2.0 aperture, Dual tone 1A true Flash
  • 8MP Front Camera
  • Networks: GSM, WCDMA, 4G LTE, FDD
  • Wifi 802.11 b/g/n, Wi-Fi Hotspot,
  • 3G, GPRS, Bluetooth,
  • 3.5 mm headphone jack
  • Sensors: G-sensor, Proximity Sensor, Light Sensor, Gyroscope, Hall Sensor, Fingerprint
  • FM Radio
  • Dimension: 76.5mm x 153mm x 8.5mm
  • Weight: 176 G
  • 3500 mAh Li-Polymer Battery
  • Colors: Desert Golder, Mystic Black

Price:

  • 64GB with 4 GB RAM – INR 13,999 or around $214*
  • 32GB with 3 GB RAM – INR 11,999 or around $183*

*$1 = INR 65.39

Fidelity joins Morgan Stanley, cuts Flipkart’s valuation to $6 billion

Nivedita Bhattacharjee, reporting for Tech in Asia;

A fund managed by US-based mutual fund giant Fidelity Investments has cut Flipkart’s valuation, pegging the company at around US$6 billion, filings with the US Securities and Exchange Commission showed.

This is the latest in a series of valuation markdowns that India’s biggest ecommerce company has seen over the past year. In November 2016, Morgan Stanley had pegged Flipkart’s valuation at US$6 billion, which is in sync with Fidelity’s latest assessment.